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Medical Office in Monterey Park

223 N Garfield Ave, Monterey Park, CA 91754

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For Sale

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Turnkey medical office space with five exam rooms for sale.

Type:Office

Property size:

1,479 SF

Price / SF:

$337/SF

HighLights

Fully built‑out OBGYN medical office, ready for immediate use.
1,479 SQFT space with 5 exam rooms, each equipped with a sink.
Includes a doctor's office, lab room, waiting room, bathroom, and kitchen/break room.
Dual entry/exit for convenient access and patient flow.
Two reserved parking spaces included.
Located in a building built in 1986.

We can help!

Contact an agent

Raymond Ho

Learn more

For Sale

Contact for pricing

Turnkey medical office space with five exam rooms for sale.

Type:Office

Property size:

1,479 SF

Price / SF:

$337/SF

Added:: Jul 11, 2023
Days on Market:: 1094
Last Refresh:: Jul 5 at 2:42 pm

Property Features for 223 N Garfield Ave

General Information

Standard status: Active
Size: 1,479 SF
Property subtype: Office

Building Details

Year Built: 1986

We can help!

Contact an agent

Raymond Ho

Listing office GE Property Development Inc.

Listing date Jul 11, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of GE Property Development Inc.

HighLights

Fully built‑out OBGYN medical office, ready for immediate use.
1,479 SQFT space with 5 exam rooms, each equipped with a sink.
Includes a doctor's office, lab room, waiting room, bathroom, and kitchen/break room.
Dual entry/exit for convenient access and patient flow.
Two reserved parking spaces included.
Located in a building built in 1986.

Overview

This 1,479 square foot medical office space, identified as Unit #205, is configured as an OBGYN practice. The suite contains five exam rooms, each equipped with a sink. Four of the exam rooms measure 9'X10', while the fifth is 9'X13.5'. In addition to the exam rooms, the layout includes a doctor's office, a lab room, a 15'X14' waiting room, a bathroom, and a kitchen break room. The unit features dual entry and exit points. The property includes two reserved parking spaces. The monthly association fee is $1,380.95.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.8k	$38.40
− Vacancy	−$13.7k	−$9.25
EGI	$43.1k	$29.15
− OpEx	−$10.8k	−$7.29
NOI	$32.3k	$21.86

1,479 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$461.9K

$404.1K – $538.8K (±1% cap)

NOI $32,330 @ 7.0% cap · market cap 6.48%

Second Best

Healthcare Medical

$400.7K

$350.6K – $467.5K (±1% cap)

NOI $28,048 @ 7.0% cap · market cap 5.62%

Theoretical Best

Office A

$791.9K

$692.9K – $923.8K (±1% cap)

NOI $55,430 @ 7.0% cap · market cap 11.11%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

You Safety Insurance Insurance Agency Ong Susan MD Physician United Medical Imaging Physician Health Care Pharmacy Physician AP Law Offices Law Firm

Suggested Use

Similar Places Nearby

Atlantic Animal Hospital — 500 S Atlantic Blvd, Monterey Park, CA 91754

Location Insight

Map
Local Demand

City: Monterey Park
County: Los Angeles
State: California
Longitude: -118.123154
Latitude: 34.0646805

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For sale
Medical Office Space
CA
Monterey Park
91754
223 N Garfield Ave

What type of property is this?

Medical Office Space - Turnkey medical office space with five exam rooms for sale.

Where is this medical office space located?

The property is located at 223 N Garfield Ave Monterey Park, CA.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Fully built‑out OBGYN medical office, ready for immediate use.; 1,479 SQFT space with **5 exam rooms, each equipped with a sink.**; Includes a doctor's office, lab room, waiting room, bathroom, and kitchen/break room.